News

IPO
Chime Gets a Ringing Endorsement on Wall Street as IPO Valuation Hits $11.6B
June 11, 2025

The pricing of an initial public offering (IPO), a ritual that comes the night before the first day of trading, gauges the enthusiasm of the market for the new kid on the Street. Get the Full Story Complete the form to unlock this article and...

Investments
GrailPay Raises $6.7 Million to Expand Risk Layer for Bank Payments
June 11, 2025

GrailPay has raised $6.7 million to expand its risk and data platform for bank payments that is used to make ACH payments safer, smarter and faster. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Nvidia CEO Rebuts Anthropic CEO’s Dire Prediction of AI Taking Jobs
June 11, 2025

Nvidia CEO Jensen Huang said Wednesday (June 11) that Anthropic CEO’s prediction of artificial intelligence (AI) destroying half of entry level white collar jobs “doesn’t make sense.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Farsight Raises $16 Million for Financial Automation Platform
June 11, 2025

Farsight, an automation platform for financial institutions, raised $16 million in a Series A funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Artificial Intelligence
Meta Debuts AI to Help Robots ‘Understand the Physical World’
June 11, 2025

Meta has introduced a model to help train robots and other artificial intelligence (AI) agents. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Artificial Intelligence
French President Rallies Behind Mistral-Nvidia Cloud Partnership
June 11, 2025

France took a major step forward in asserting its artificial intelligence (AI) power Wednesday (June 11) as home-grown startup Mistral AI and U.S. chipmaker Nvidia announced a landmark partnership to develop next-generation AI cloud services in France. Get the Full Story Complete the form to...

Artificial Intelligence
Nvidia and Perplexity to Facilitate Sovereign AI Models in Europe and Middle East
June 11, 2025

Nvidia and Perplexity partnered to facilitate the deployment of sovereign artificial intelligence models across Europe and the Middle East. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Artificial Intelligence
Nvidia CEO Sees Quantum Computing Reaching ‘Inflection Point’
June 11, 2025

Nvidia CEO Jensen Huang is turning his attention to the next critical enabler of the artificial intelligence (AI) revolution: quantum computing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Neobanks Pressure-Test Gen Z Strategies With Traditional Banks to Win Crucial Market Share    
June 11, 2025

They account for 40% of consumers worldwide and will represent 31% of the workforce by 2030. With current purchasing power standing at $450 billion and expected to reach $12 trillion within five years, Generation Z — the demographic born between 1997 and 2012 — is...